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Complete financial analysis of High Tide Inc. (HITI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of High Tide Inc., a leading company in the Medical – Pharmaceuticals industry within the Healthcare sector.
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High Tide Inc. (HITI)
About High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487.67M | 356.85M | 181.12M | 83.27M | 31.29M | 8.75M | 9.99M | 8.34M |
| Cost of Revenue | 356.36M | 255.90M | 117.14M | 52.45M | 19.98M | 5.64M | 5.29M | 4.05M |
| Gross Profit | 131.31M | 100.95M | 63.98M | 30.81M | 11.32M | 3.11M | 4.71M | 4.30M |
| Gross Profit Ratio | 26.93% | 28.29% | 35.33% | 37.00% | 36.16% | 35.54% | 47.11% | 51.51% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 97.07M | 83.03M | 50.82M | 22.21M | 27.21M | 5.92M | 3.18M | 1.15M |
| Selling & Marketing | 4.14M | 7.87M | 3.44M | 429.00K | 2.25M | 697.98K | 399.16K | 178.54K |
| SG&A | 101.21M | 90.90M | 54.27M | 22.64M | 29.47M | 6.62M | 3.58M | 2.60M |
| Other Expenses | 71.53M | 30.17M | 23.57M | 6.80M | 1.40M | -462.28K | 28.29K | 0.00 |
| Operating Expenses | 172.74M | 121.07M | 77.83M | 29.44M | 30.87M | 6.70M | 3.61M | 2.66M |
| Cost & Expenses | 529.09M | 376.97M | 194.97M | 81.89M | 50.84M | 12.34M | 8.90M | 6.71M |
| Interest Income | 0.00 | 9.95M | 10.24M | 131.00K | 3.31M | 98.00K | 0.00 | 48.07K |
| Interest Expense | 11.64M | 9.95M | 10.24M | 8.00M | 1.83M | 0.00 | 138.75K | 0.00 |
| Depreciation & Amortization | 32.76M | 30.17M | 23.57M | 6.80M | 1.40M | 85.82K | 28.29K | 72.00K |
| EBITDA | -4.20M | -33.65M | 4.82M | 6.12M | -19.73M | -3.97M | 963.33K | 1.70M |
| EBITDA Ratio | -0.86% | 2.82% | 2.66% | 7.35% | -63.05% | -45.38% | 11.27% | 20.32% |
| Operating Income | -41.43M | -20.11M | -18.74M | -677.00K | -19.55M | -3.73M | 958.84K | 1.62M |
| Operating Income Ratio | -8.49% | -5.64% | -10.35% | -0.81% | -62.47% | -42.68% | 9.59% | 19.46% |
| Total Other Income/Expenses | -7.17M | -1.45M | -17.09M | -6.22M | -7.45M | -2.30M | -401.95K | -11.58K |
| Income Before Tax | -48.60M | -73.76M | -35.77M | -6.13M | -27.00M | -6.03M | 561.38K | 1.68M |
| Income Before Tax Ratio | -9.96% | -20.67% | -19.75% | -7.36% | -86.28% | -68.90% | 5.62% | 20.18% |
| Income Tax Expense | -7.64M | -2.92M | -730.00K | 229.00K | -708.00K | -1.49M | 265.07K | 468.15K |
| Net Income | -39.31M | -70.85M | -35.04M | -6.35M | -26.29M | -4.53M | 296.32K | 1.22M |
| Net Income Ratio | -8.06% | -19.85% | -19.34% | -7.63% | -84.02% | -51.81% | 2.97% | 14.57% |
| EPS | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.36 | 0.02 | 2.68 |
| EPS Diluted | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.35 | 0.02 | 2.68 |
| Weighted Avg Shares Out | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 12.57M | 13.13M | 453.29K |
| Weighted Avg Shares Out (Dil) | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 13.13M | 13.13M | 453.29K |
High Tide Welcomes Biden Administration Move to Reschedule Cannabis
CALGARY, AB , April 30, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, welcomes today's confirmation by...
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The Company Reports $1.965 Million in Retail Sales on '4/20' Across All Retail Channels, Representing a 35% Increase Week-Over-Week 1 The Company Also Completed its Annual 4/20 Car Giveaway CALGARY, AB , April 23, 2024 /PRNewswire/ - High Tide Inc....
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High Tide Announces Participation at Upcoming Cannabis Investment and B2B Conferences
CALGARY, AB , April 15, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today their upcoming participation...
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